Mike W

Horsemen of Financial Apocalypse Request Holiday, Upset By Call-Offs

Hundreds of gallons of ink (and billions of pixel-thingies) have been spilled (and Tweeted about) by experts telling us that the world was ending because of a rates breakout. The country was going to be choked, they said....

TUMS: Talked Up Media Stories

Hundreds of billions of dollars were liquidated from the market in the last two weeks of 2018. (Feels like six years ago already, eh?) And while the markets have just delivered one of the best "bounce-back" Januarys in...

The Bricks in the Market’s Wall of Worry…

Stocks fell out of bed recently after US Commerce Secretary Wilbur Ross said that trade negotiations with China were far from complete. “We would like to make a deal but it has to be a deal that will...

The Cycle That Triggers a Financial Crisis

Recessions often come from excess. They tend to be preceded by periods when growth is very strong and widely expected to remain so for the foreseeable future. Thereafter speculative excesses develop which are fuelled by rapidly rising debt....

The Few Investors Along for the Ride

"Well alas we've seen it all before, Knights in armour, days of yore, The same old fears and the same old crimes, We haven't changed since ancient times." - Mark Knopfler,Iron Hand Markets climb walls of worry, folks....

If This is the End of the World, Then I Feel Fine

What do you think is the scariest financial conclusion we can come to during periods like the last quarter of 2018? Maybe it’s that theme that Michael Stipe of REM sang into a catchphrase: “It’s the end of...

When This Little Piggy Went to Market…

For those staring off into space just now, 2018 was “The Year of the Dog” in the Chinese Zodiac; a fitting designation if you had your capital anywhere but under your mattress. And with 2019 ordained as “The...

The Hidden Economic China Syndrome

My hunch is that we’ll get a good number of negative reactions about the corporate earnings season during the eight-week, Q4 reporting period. Why? Well, because that’s what always happens. Meanwhile, dividends keep rising, rates are falling again...

How People Act With Money

As 2019 unfolds, the media and market chatter will be spread across a number of assumed risks, including: The endless number of ways Trump will do wrong by us The impact of the US Government shutdown The myriad...

The Joy of Panicked Minds

In the latter stages of 2018, folks blamed the US Federal Reserve for scaring investors into a chain reaction of selling stocks, spurred by fears of interest rate hikes into infinity. Or something like that… We suggested to...